Spok (NASDAQ:SPOK) Shares Cross Above 200 Day Moving Average – Should You Sell?

Spok Holdings, Inc. (NASDAQ:SPOK)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.86 and traded as high as $16.56. Spok shares last traded at $16.32, with a volume of 191,807 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SPOK shares. StockNews.com raised shares of Spok from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. B. Riley raised Spok from a “neutral” rating to a “buy” rating and lifted their target price for the company from $15.00 to $20.00 in a research report on Thursday, February 27th.

Spok Price Performance

The firm has a market capitalization of $333.24 million, a P/E ratio of 22.36 and a beta of 0.29. The firm’s 50 day moving average is $16.30 and its two-hundred day moving average is $15.86.

Spok (NASDAQ:SPOK) last announced its quarterly earnings data on Wednesday, February 26th. The Wireless communications provider reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $33.89 million during the quarter, compared to the consensus estimate of $35.50 million. Spok had a net margin of 10.66% and a return on equity of 9.20%. Analysts anticipate that Spok Holdings, Inc. will post 0.76 EPS for the current fiscal year.

Spok Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date is Friday, March 14th. Spok’s dividend payout ratio (DPR) is presently 168.92%.

Institutional Trading of Spok

Hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC raised its stake in Spok by 4.2% in the 3rd quarter. HighTower Advisors LLC now owns 673,268 shares of the Wireless communications provider’s stock valued at $10,141,000 after acquiring an additional 27,048 shares during the period. Geode Capital Management LLC increased its holdings in shares of Spok by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 514,427 shares of the Wireless communications provider’s stock valued at $8,258,000 after purchasing an additional 6,591 shares during the last quarter. Foundry Partners LLC raised its position in shares of Spok by 1.0% in the third quarter. Foundry Partners LLC now owns 437,255 shares of the Wireless communications provider’s stock valued at $6,585,000 after purchasing an additional 4,120 shares during the period. State Street Corp lifted its stake in shares of Spok by 3.1% during the 3rd quarter. State Street Corp now owns 415,876 shares of the Wireless communications provider’s stock worth $6,263,000 after buying an additional 12,467 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Spok by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 213,575 shares of the Wireless communications provider’s stock worth $3,428,000 after buying an additional 15,156 shares during the period. 50.81% of the stock is owned by institutional investors and hedge funds.

About Spok

Spok Holdings, Inc, through its subsidiary, Spok, Inc, provides healthcare communication solutions in the United States, Europe, Canada, Australia, Asia, and the Middle East. The company's products and services enhance workflows for clinicians and support administrative compliance. It delivers clinical information to care teams when and where it matters to enhance patient outcomes; and provides GenA Pager, a one-way alphanumeric pager.